Electric vehicles (EVs) are no longer the cars of tomorrow — they’re the cars of today, parked in driveways and on curbs across the country, saving drivers money every day. Even with the potential impact of tariffs and other market fluctuations, EVs are reaching affordability parity with gas cars — both upfront and over the life of the vehicle — due to falling battery prices, improved manufacturing efficiency, and increased competition among automakers.
Let’s break it down. Charging an EV is significantly cheaper than filling up a gas tank. According to the U.S. Department of Energy, the average cost to drive an EV is about 1/3 cheaper than driving a gas car. Driving an EV is 4 to 5 cents per mile when charging at home, compared to 10 to 15 cents per mile for a typical gas-powered car. That’s like paying the equivalent of about $1.20 per gallon for electricity versus $3.50–$4.00 per gallon for gasoline, depending on your region. At the national average price for electricity, an EV with a range of nearly 300 miles — like the Ford Mustang Mach-E — would cost about $14.40 to fully charge, from 0% to 100%, at home. Here are several tools — including a fuel savings calculator — that can help you determine exactly how much the EV you want would save you.
Most EV drivers do 80–90% of their charging at home, taking advantage of cheaper overnight electricity rates, and wake up to a full battery. EVs have no sparkplugs, oil changes or, in some states, no smog or pollution checks. EVs also have roughly 100 fewer parts than a gas car, meaning fewer parts that need replacing and fewer trips to the repair shop. After factoring in fewer moving parts, no oil changes, and regenerative braking that reduces wear, owners can save $10,000 on maintenance and fuel over the average life of the vehicle.
When away from home, public charging is still generally cheaper than gas. Fast-charging networks like those from Tesla, Electrify America, EVgo, and others now blanket major highway corridors, making long-distance travel easier than ever. Prices vary by provider, but many fast chargers still cost less per mile than gasoline. And with 209,019 public charging ports now available in the U.S., including tens of thousands of fast chargers, and more coming online every day, it’s becoming easier to charge wherever you are — especially along key travel routes.
That’s why there is now an EV for every lifestyle. Whether you’re a commuter, a weekend adventurer, a suburban family, or someone who just needs something small and efficient, the variety of EVs available today is more impressive than ever. Trucks, SUVs, sedans, sports cars — automakers around the world are delivering options to consumers because this is where the market is heading. Check out all the new EVs and incentives available at ElectricForAll.org.
And EVs are just more fun to drive. Instant torque means quick acceleration. Quiet cabins make for a peaceful ride. Regenerative braking can make stop-and-go traffic less frustrating. So, with EVs now competing in price, costing less to run and maintain, and being more enjoyable behind the wheel — why wouldn’t you choose an EV?
Don’t take our word for it. Ask your friends, neighbors or family about their experience, and go test drive an EV. Experience the smooth ride and the quiet power, and you’ll see how it fits into your lifestyle and budget. EVs are cleaner, cheaper, and simply better. The future is here now. Why not drive it?
Veloz has a track record of executing EV education programs to show how an EV can fit into your life by leveraging its leadership, 40+ members, communications channels, and connections. By helping consumers understand the benefits of choosing an EV for their next purchase, we can speed up Veloz’s Electric For All vision.
EV facts are highlighted, and myths are busted here each month in my Ride to Zero Blog. Sign up here to get the latest news, invitations to events, and announcements on the road to electrified transportation. The way forward is electric!